Who Needs to Fill Out a W-9?
A W-9 form is used to collect taxpayer information for reporting purposes. But not everyone needs to fill it out. In this guide, we explain who needs to complete a W-9, when it is...
Category: IRS
W-9 Example (Filled Form Explained)
If you need help understanding how a completed W-9 should look, this guide walks you through a simple W-9 example and explains each section of the form. If you have not downloaded the form...
How to Fill Out a W-9 (Step-by-Step)
Filling out a W-9 is usually simple if you understand what each field means. This guide explains how to complete Form W-9 correctly, what information to include, and which mistakes to avoid. If you...
Form 4868: Application for Automatic Extension of Time to File U.S. Individual Income Tax Return
Filing taxes can be stressful, especially when time runs short. Fortunately, the Internal Revenue Service (IRS) provides a solution for taxpayers who need more time: Form 4868, officially titled Application for Automatic Extension of...
Missed the April 15 Tax Deadline? IRS Penalties and What to Do Next
Missing the April 15 tax filing deadline in the United States is not unusual, but it can lead to additional costs if not addressed quickly. The impact depends on whether you owe taxes, are...
How to Get IRS Tax Records: Copy of Tax Return (Form 4506) vs. Tax Transcripts
When you need access to your IRS tax records, it’s important to understand that there are two different ways to obtain them, depending on what exactly you need. You can request a full copy...
Reimbursing Employees for Travel Expenses (2026 Guide + Tax Rules & Examples)
Last updated by a CPA in March 2026. When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car...
Are Employee Reimbursements Taxable? IRS Rules (2026 Guide)
Last updated by a CPA in March 2026. Are Employee Reimbursements Taxable? In most cases, they are not taxable if they are paid under an IRS-compliant accountable plan. However, reimbursements paid under a nonaccountable...
IRS Principal Business Activity Codes List (Form 1065 Business Activity Codes -U.S. Return of Partnership Income)
List of Principal Business Activities and codes that classify a company by the type of activity that is needed by the Internal Revenue Code. They are based on the North American Industry Classification System.
IRS CP2100 Notice and B Notice – What It Means and What To Do
If you’ve received a CP 2100 Notice from the IRS, don’t panic — but don’t ignore it either. The notice means the IRS found a name and taxpayer identification number (TIN) mismatch or a...
2025 IRS Withholding Calculator (Tax Withholding Estimator)
Click here to enter the IRS Withholding Calculator. The IRS Withholding Calculator is the official Tax Withholding Estimator. It helps individuals check whether their federal income tax withholding for 2025 is accurate. The United...
Form W-2 Wage and Tax Statement
Form W–2 Wage and Tax Statement Form W-2, Wage and Tax Statement, is one of the most important payroll tax forms in the United States. It reports wages, tips, and other compensation paid to...
Higher Education Tax Benefits for Tax Year 2025
Federal tax law provides several tax benefits that may reduce the cost of higher education for eligible taxpayers during the 2025 tax year. The Internal Revenue Service summarizes these provisions in its official guidance...
Which Payments are Subject to Backup Withholding?
Backup withholding is a federal tax withholding requirement that may apply to certain “reportable payments” when specific conditions are met. In most cases, backup withholding applies to payments that are reported on Forms 1099...
IRS Publication 1281: Backup Withholding for Missing or Incorrect Name/TIN
IRS Publication 1281 explains how backup withholding works when a payee’s name or Taxpayer Identification Number (TIN) is missing or does not match IRS records. The publication provides guidance for payers who file information...
IRS Reminders for Tax Professionals: What to Know for the 2025–2026 Filing Season
Staying current with IRS requirements is essential for tax professionals preparing for the upcoming filing season. Each year, the Internal Revenue Service issues updates related to compliance, security, and professional responsibilities. The following IRS...
ASL: How to Voluntarily Correct the Classification of Your Workers
Misclassifying workers as independent contractors instead of employees can create federal tax and wage-and-hour exposure. The good news is that U.S. employers may be able to correct worker classification voluntarily—especially for federal employment tax...
Form W-8 for Foregin Entities (Non US Companies – Corporation, Active NFFE)
Article explains what is Form W-8 BEN-E and gives detailed instructions on how to fill it in case of foreign company.
Principal Business or Professional Activity Codes for Schedule C (Form 1040 or 1040-SR)
Codes for the Principal Business or Professional Activity classify sole proprietorships by the type of activity they are engaged in to facilitate the administration of the Internal Revenue Code. These six-digit codes are based...
Cafeteria Plan – Fringe Benefits (IRS Section 125 Guide)
A Cafeteria Plan, also known as a Section 125 plan, is an employer-sponsored benefit arrangement that allows employees to choose between taxable wages and certain qualified, tax-free benefits. These plans are regulated under Internal...